The Elusive Quest for Growth by William R Easterly

The Elusive Quest for Growth by William R Easterly

Why economists' attempts to help poorer countries improve their economic well-being have failed.Since the end of World War I, economists have tried to figure out how poor countries in the tropics could attain standards of living approaching those of countries in Europe and North America. Attempted remedies have included providing foreign aid, investing in machines, fostering education, controlling population growth, and making aid loans as well as forgiving those loans on condition of reforms. None of these solutions has delivered as promised. The problem is not the failure of economics, William Easterly argues, but the failure to apply economic principles to practical policy work.In this book Easterly shows how these solutions all violate the basic principle of economics, that people--private individuals and businesses, government officials, even aid donors--respond to incentives. Easterly first discusses the importance of growth. He then analyzes the development solutions that have failed. Finally, he suggests alternative approaches to the problem. Written in an accessible, at times irreverent, style, Easterly's book combines modern growth theory with anecdotes from his fieldwork for the World Bank.

The Elusive Search for Growth: Economists' Adventures and Misadventures in the Tropics (MIT Press, 2001) and The White Man's Burden: Why the West's Attempts to Help the Rest Have Done So Much Harm and So Little Good are two books written by William Easterly. He is a visiting fellow at the Brookings Institution and a Nonresident Fellow at the Center for Global Development in Washington, DC. He is a professor of economics at New York University (in collaboration with Africa House), codirector of NYU's Development Research Institute, and visiting fellow at the Brookings Institution. The Elusive Search for Growth: Economists' Adventures and Misadventures in the Tropics (MIT Press, 2001) and The White Man's Burden: Why the West's Attempts to Help the Rest Have Done So Much Harm and So Little Good are two books written by William Easterly. He is a visiting fellow at the Brookings Institution and a Nonresident Fellow at the Center for Global Development in Washington, DC. He is a professor of economics at New York University (in collaboration with Africa House), codirector of NYU's Development Research Institute, and visiting fellow at the Brookings Institution. Abhijit Vinayak Banerjee is a director of the Abdul Latif Jameel Poverty Action Lab at MIT and a past president of the Bureau for Research in Economic Analysis of Development (BREAD). He is a Ford Foundation Professor of Economics in the department of economics at MIT.

Michael works as a philosophy professor at the University of Chicago. Michael works as a philosophy professor at the University of Chicago. Edward Miguel is an Associate Professor of Economics and Director of the Center of Evalulations for Global Action at the University of California, Berkeley, and coauthor of Economic Gangsters: Corruption, Violence, and the Poverty of Countries with Raymond Fisman. Jonathan Morduch is a professor of public policy and economics at the Wagner Graduate School of Public Service at New York University.

He is the coauthor of Microfinance Economics (MIT Press) and Portfolios of the Poor: How the World's Poor Survive on $2 a Day. Michael works as a philosophy professor at the University of Chicago.

SKU	Unavailable
ISBN 13	9780262550420
ISBN 10	0262550423
Title	The Elusive Quest for Growth
Author	William R Easterly
Series	The Mit Press
Condition	Unavailable
Binding Type	Paperback
Publisher	MIT Press Ltd
Year published	2002-08-02
Number of pages	360
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.